Coating is either a film or covering applied on the surface of an object, generally referred to as ‘substrate’. A release agent is a chemical used to prevent other materials/carriers from bonding to surfaces/substrates, providing a critical barrier between them. Release coating is a film, which is coated on one or two sides with a release agent, offering a release effect against an adhesive. Silicone, referred to as polysiloxanes, is a polymer having alternate links of silicon and oxygen atoms. Silicone-based release coatings imply silicone as a releasing agent between two potentially interacting substrates. Such release coatings are often used as back side coatings for paper products or films for various cohesive and pressure sensitive adhesive applications. The function of these coatings is to alter surface properties such as adhesion, wettability, corrosion resistance, and wear resistance of substrates.
The global silicone-based release coatings market is primarily driven by the increase in demand in food and bakery, hygiene, and medical industries. Increase in consumption of UV silicone release coatings is expected to fuel the market. UV silicone release coatings based on cationic cure and radical cure operate at lower temperatures on temperature-sensitive films, unlike conventional silicone-based release coatings. Silicone compounds embedded in the release coatings can act both as release agents and as pressure sensitive adhesives. They are widely utilized in the manufacturing industry for interleaving applications, roofing (bitumen), insulation tapes, self-adhesive stamps, and composites. Rising demand from manufacturing industries is anticipated to boost the silicone-based release coatings market. Furthermore, increase in per capita income and rise in awareness about healthcare are boosting the silicone-based release coatings market in developing economies. Development and manufacture of polydimethylsiloxane (PDMS)-based release coatings is expected to provide lucrative opportunities to the silicone-based release coatings market. However, high degree of customization required for varied applications is likely to hamper the silicone-based release coatings market.
In terms of formulation, the silicone-based release coatings market can be divided into solvent-based, water-based, and oil emulsion. Solvent-based coatings provide good anchorage for applications such as pressure sensitive label stock, industrial single-sided release papers, and nonstick food-grade packaging. They are applicable for films and hard-surfaced papers. Water-based release coatings are employed in a broad range of applications in food and baking, tapes, and industrial sectors. Oil emulsion-based release coatings possess long bath life, good shear stability, and low foaming potential. Thus, they are suitable for premium release performances and size press operations.
Based on application, the silicone-based release coatings market can be segmented into labels, tapes, envelopes, and others. The labels segment holds a significant share in the silicone-based release coatings market due to their attributes such as low surface tension and low surface energy. These release coatings enable easy delamination or easy label transfer from the liners onto the object to be labeled. Silicone-based release coatings possess the property of reproducing releasing force, therefore, the tapes segment holds a significant share in the silicone-based release coatings market. Silicone-based release coating tapes have wide applications in the manufacturing industry owing to their rheological characteristics and diverse structures.
In terms of end-use industry, the silicone-based release coatings market can be segmented into food & bakery, hygiene, manufacturing, medical, and others. Several properties of silicone-based release coatings include wetting, foaming, cure speed, bath life, release, coverage, wear resistance, and shear stability. These properties are favorable for baking, food packaging, and other industrial applications. Demand for silicone-based release coatings has been rising, due to the approval of the U.S. Food and Drug Administration (FDA) and Canadian Food Inspection Agency (CFIA). The food & bakery segment accounts for a key share of the silicone-based release coatings market.
Based on geography, the silicone-based release coatings market can be segregated into North America, Latin America, Asia Pacific, Europe, and Middle East & Africa. The market in Asia Pacific is anticipated to expand rapidly due to prompt expansion in consumption of solvent-less silicone-based release coatings in countries such as China, Japan, Korea, and Taiwan. North America and Europe hold significant share on account of growing awareness in terms of health and environment.
Key players operating in the global silicone-based release coatings market include Dow Corning Corporation, Wacker Chemie AG, Evonik Industries AG, Momentive Performance Materials Inc., OMNOVA Solutions Inc., and Rayven, Inc.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.